Brokers News

Alpari's Russia and CIS Forex Volumes Decrease by 6% in November

Alpari Limited, the Russian company under the global Forex brand Alpari, today announced its operating metrics for November, with the broker apparently feeling the pinch of lower volatility.

Forex volumes of the business in Russia and the Commonwealth of Independent States (CIS) for the month amounted to substantial $129.6 billion, which is down by nearly 6% against the $137.4 billion registered in October 2013. Apart from the obvious impact of weaker volatility, from which many other brokers have been complaining, Alpari may be feeling the effects from the halt of supporting some popular services, such as the social trading platform ZuluTrade.

On the brighter side, the company registered a further rise in the number of customer accounts in November – at the end of the month their count stood at 1,034,000. You may recall that the number first crossed the crucial 1 million mark in October – it was apparently a very strong month for the Forex broker.

If we get into particulars of trading, we should note that Alpari's clients in Russia and the CIS stuck to the currency pairs that are most popular in global terms too. The turnover with EUR/USD amounted to $63.1 billion, with GBP/USD – to $27.8 billion and the turnover from the USD/JPY pair reached $8.8 billion. Overall, the turnover from November was solid and made a good contribution to the result since January. The company reports Forex trading volumes for the January-November 2013 period of stunning $1.469 trillion, a jump of 57% against the corresponding period in 2012.

The broker seems well set to recover from the month-on-month dip in volumes. It has beefed up its PAMM service and plans an exciting January without any commissions for deposits. Let's see how these efforts affect the operating metrics.

About Alpari

Founded in 1998, the international Alpari brand is one of the leading names in online Forex trading and was recently listed as the world's third largest broker for 2012.

Alpari has earned the trust of hundreds of thousands of clients in more than 150 countries across the world, thanks in large part to its reputation for delivering high-quality products and top-notch customer support. The Alpari brand is represented in many of the world's leading centers of commerce, with offices in New York, London, Tokyo, Dubai, Frankfurt and Moscow.

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